The broker is an important part of the forex marker, and there are many brokers out there. For those who are a bit unsure what the role actually is, in a nutshell the broker will take care of executing the buy or sell orders, and for this a commission will be charged. There is also the spread, and some brokers charge both.

A forex broker acts as an intermediary between retail traders and the global currency market. Since individuals cannot directly access the interbank market, brokers provide trading platforms, price quotes, leverage, and order execution services. They connect traders to liquidity providers, such as banks and financial institutions, allowing them to buy and sell currency pairs in real-time. Brokers also offer tools such as charts, indicators, and market analysis to support informed trading decisions.

Forex brokers make money in several ways. The most common method is through spreads, which is the difference between the bid and ask price. Some brokers charge a fixed commission per trade instead of widening the spread. Others may earn through overnight swap fees or by taking the opposite side of client trades in a market-making model.